Asked by
Hi,

My parents are considering of transferring the ownership of a condo to me as a gift.

Do we need to get or lawyer and do we need to pay stamp duty? Where can I find more information.

Thank you
0
715 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Hi,

Yes you need to engage a law firm for that and stamp duty on market value of share transferred also applies. Thanks and hope to assist further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews/
(Client's Testimonials) Read More
0
Hi, yes having a lawyer is necessary in this case. Just drop by or call up any law firm and you would get the answer. Feel free to let me know if you need any contacts of law firm.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Stamp duty is payable and you will also be required to engaged a conveyancing lawyer to carry out the transfer works proper.

If you need a contact, maybe can let me know?

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
0
Robbie Chen Chee Howe
Hi,

You will need a lawyer for the transfer, and the applicable Stamp Duties is applicable for transfer by way of gift.

Please contact me at my mobile 9748 6305  should you need assistance. I will be happy to assist.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions